The Worst News Today

[Don]

http://money.cnn.com/2012/04/17/news/companies/twinkies-hostess-strike/index.htm?hpt=hp_t2

 

[preachinjesus]

I haven't eaten a twinkie in...well I just don't remember when...but its been years and years.

I imagine this is bad news for many. The last time I had one was right after someone had taken several and tossed them in a deep fryer...I imagine my reaction was like if I had ever tried hard drugs so I have built up quite the will power...now I'm getting hungry...

 

[Jerome]

Bimbo will probably take on Twinkie-making:

If the two sides can’t reach a compromise before the judge rules following the two-day trial, there is a high risk of liquidation.

In that scenario, the world’s biggest bakery, Grupo Bimbo, may pay more than $200 million for Hostess’ snacks business

http://www.nypost.com/p/news/business/it_payback_at_hostess_Av2gnzMdTr8Ncii87IQUsJ

 

[Gina B]

Never could get myself to like a Twinkie, no matter how often I tried! (I think I tried 4 times in my life over a number of years)

 

[annsni]

Love Twinkies!

 

[preachinjesus]

This is an interesting example of what happens when executives improperly leverage a company and, in the end, hurt the company so badly they have to consider massive cutbacks, usually on the backs of their workers, to balance the books.

What's really weird is this quote: "If there is no shared sacrifice and no equality of sacrifice, then there's no deal," said Teamsters General President Jimmy Hoffa in a call with memberships last week.

What a sec...Jimmy Hoffa is their union president? Holy cow I thought he was buried under the pitchers mound in the Bronx!

 

[Aaron]

Actually—good news. One less union shop in the US.